Market Size of United States Office Furniture Industry
Study Period | 2020-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 15.42 Billion |
Market Size (2029) | USD 20.51 Billion |
CAGR (2024 - 2029) | 5.88 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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United States Office Furniture Market Analysis
The United States Office Furniture Market size is estimated at USD 15.42 billion in 2024, and is expected to reach USD 20.51 billion by 2029, growing at a CAGR of 5.88% during the forecast period (2024-2029).
- The United States office furniture market is expected to witness strong growth in the forecast period owing to factors such as strong economic growth, and improving commercial construction activities in the country. The expanding US economy and the rising urbanization have positively influenced the commercial office furniture market in the US.
- Furthermore, an increase in office improvement activity in the region is increasing as companies are looking towards remodeling workspaces to include modern design features, such as open floor plans and collaborative work areas.
- E-commerce is also becoming an increasingly popular channel for purchasing furniture online in the country. However, brick-and-mortar stores remain the format choice of the majority of US customers for the purchase of furniture products. There is an increased interest in eco-friendly office furniture in the country. To reduce the environmental impact, furniture manufacturers are coming up with products made with recycled materials or more sustainable woods such as acacia, bamboo, or reclaimed wood.
- The post-COVID scenario of the United States office furniture market is witnessing a shift towards more flexible and adaptable workspaces to accommodate remote and hybrid work models. There is also an increased emphasis on health and safety measures, including the integration of antimicrobial materials and touchless technologies in office furniture.